Palestinian Territory Real GDP Growth
2000 - 2024 | Quarterly | % | CEIC Data
Key information about State of Palestine (West Bank and Gaza) Real GDP Growth
- The Gross Domestic Product (GDP) in State of Palestine (West Bank and Gaza) expanded 3.5 % YoY in Sep 2024, following a growth of 4.8 % in the previous quarter.
- Real GDP Growth YoY data in State of Palestine (West Bank and Gaza) is updated quarterly, available from Jun 2000 to Sep 2024, with an average rate of 1.1 %.
- The data reached an all-time high of 24.2 % in Dec 2002 and a record low of -29.2 % in Dec 2023.
Related information about State of Palestine (West Bank and Gaza) Real GDP Growth
- In the latest reports, Nominal GDP of State of Palestine (West Bank and Gaza) reached 4.7 USD bn in Mar 2023.
- Its GDP deflator (implicit price deflator) fell 6.0 % in Mar 2023.
- GDP Per Capita in State of Palestine (West Bank and Gaza) reached 3,367.0 USD in Dec 2023.
- Its Gross Savings Rate was measured at -2.4 % in Jun 2024.
- For Nominal GDP contributions, Investment accounted for 27.1 % in Mar 2023.
- Public Consumption accounted for 20.9 % in Jun 2024.
- Private Consumption accounted for 98.6 % in Jun 2024.
View Palestinian Territory's Real GDP Growth from Jun 2000 to Sep 2024 in the chart:
What was Palestinian Territory's Real GDP Growth in Sep 2024?
The Gross Domestic Product (GDP) in State of Palestine (West Bank and Gaza) expanded 3.5 % YoY in Sep 2024, following a growth of 4.8 % in the previous quarter. See the table below for more data.
| Last | Previous | Min | Max | Unit | Frequency | Range |
|---|---|---|---|---|---|---|
| 3.5 Sep 2024 | 4.8 Jun 2024 | -29.2 Dec 2023 | 24.2 Dec 2002 | % | quarterly | Jun 2000 - Sep 2024 |
Real GDP Growth by Country Comparison
| country/region | Last | Frequency | Range |
|---|---|---|---|
| Albania (%) | 4.7 Dec 2022 | quarterly | Mar 2010 - Dec 2022 |
| Algeria (%) | 2.0 Sep 2024 | quarterly | Mar 2000 - Sep 2024 |
| Argentina (%) | 1.2 Mar 2023 | quarterly | Mar 2005 - Mar 2023 |
| Armenia (%) | 12.1 Mar 2023 | quarterly | Mar 2001 - Mar 2023 |
| Australia (%) | 2.7 Dec 2022 | quarterly | Sep 1960 - Dec 2022 |
| Austria (%) | 1.8 Mar 2023 | quarterly | Mar 1989 - Mar 2023 |
| Azerbaijan (%) | 4.9 Sep 2024 | quarterly | Mar 2001 - Sep 2024 |
| Bahrain (%) | 2.1 Sep 2024 | quarterly | Mar 2009 - Sep 2024 |
| Bangladesh (%) | 7.1 2022 | yearly | 2007 - 2022 |
| Belarus (%) | -2.0 Mar 2023 | quarterly | Mar 2006 - Mar 2023 |
| Belgium (%) | 1.9 Sep 2022 | quarterly | Mar 1996 - Sep 2022 |
| Bolivia (%) | 4.3 Jun 2022 | quarterly | Mar 1991 - Jun 2022 |
| Bosnia and Herzegovina (%) | 2.6 Sep 2022 | quarterly | Mar 2009 - Sep 2022 |
| Botswana (%) | 6.3 Sep 2022 | quarterly | Mar 1995 - Sep 2022 |
| Brazil (%) | 3.4 Mar 2023 | quarterly | Mar 1997 - Mar 2023 |
| Brunei (%) | 0.9 Sep 2022 | quarterly | Mar 2005 - Sep 2022 |
| Bulgaria (%) | 2.3 Dec 2022 | quarterly | Mar 1996 - Dec 2022 |
| Cambodia (%) | 5.3 2022 | yearly | 1994 - 2022 |
| Canada (%) | 2.1 Dec 2022 | quarterly | Mar 1962 - Dec 2022 |
| Chile (%) | -0.1 Sep 2022 | quarterly | Mar 1987 - Sep 2022 |
| China (%) | 4.5 Mar 2023 | quarterly | Mar 1992 - Mar 2023 |
| Colombia (%) | 2.9 Dec 2022 | quarterly | Mar 2001 - Dec 2022 |
| Croatia (%) | 4.0 Dec 2022 | quarterly | Mar 1996 - Dec 2022 |
| Cyprus (%) | 3.4 Mar 2023 | quarterly | Mar 1996 - Mar 2023 |
| Czech Republic (%) | 0.2 Dec 2022 | quarterly | Mar 1996 - Dec 2022 |
| Denmark (%) | 1.5 Dec 2022 | quarterly | Mar 1992 - Dec 2022 |
| Ecuador (%) | 3.2 Sep 2022 | quarterly | Mar 1994 - Sep 2022 |
| Egypt (%) | 4.4 Sep 2022 | quarterly | Sep 2002 - Sep 2022 |
| Estonia (%) | -4.4 Dec 2022 | quarterly | Mar 1996 - Dec 2022 |
| European Union (%) | 1.3 Mar 2023 | quarterly | Mar 1996 - Mar 2023 |
| Finland (%) | -0.3 Mar 2023 | quarterly | Mar 1976 - Mar 2023 |
| France (%) | 0.9 Mar 2023 | quarterly | Mar 1950 - Mar 2023 |
| Georgia (%) | 9.7 Dec 2022 | quarterly | Mar 1998 - Dec 2022 |
| Germany (%) | -0.5 Mar 2023 | quarterly | Mar 1992 - Mar 2023 |
| Ghana (%) | 0.9 Dec 2024 | quarterly | Jun 2006 - Dec 2024 |
| Greece (%) | 5.2 Dec 2022 | quarterly | Mar 1996 - Dec 2022 |
| Hong Kong SAR, China (%) | 2.8 Mar 2023 | quarterly | Mar 1991 - Mar 2023 |
| Hungary (%) | 0.8 Dec 2022 | quarterly | Mar 1996 - Dec 2022 |
| Iceland (%) | 6.1 Mar 2023 | quarterly | Mar 1996 - Mar 2023 |
| India (%) | 4.4 Dec 2022 | quarterly | Jun 2005 - Dec 2022 |
| Indonesia (%) | 5.0 Dec 2022 | quarterly | Mar 1994 - Dec 2022 |
| Iran (%) | 5.0 Mar 2022 | quarterly | Jun 1989 - Mar 2022 |
| Ireland (%) | -0.3 Mar 2023 | quarterly | Mar 1996 - Mar 2023 |
| Israel (%) | 2.5 Dec 2022 | quarterly | Mar 1996 - Dec 2022 |
| Italy (%) | 1.4 Dec 2022 | quarterly | Mar 1982 - Dec 2022 |
| Ivory Coast (%) | 6.8 2022 | yearly | 1966 - 2022 |
| Japan (%) | 0.4 Dec 2022 | quarterly | Mar 1956 - Dec 2022 |
| Jordan (%) | 2.8 Mar 2023 | quarterly | Mar 1993 - Mar 2023 |
| Kazakhstan (%) | 3.4 Mar 2023 | quarterly | Mar 2006 - Mar 2023 |
| Kenya (%) | 5.2 Sep 2022 | quarterly | Mar 2010 - Sep 2022 |
| South Korea (%) | 1.3 Dec 2022 | quarterly | Mar 1961 - Dec 2022 |
| Kosovo (%) | 4.0 Sep 2024 | quarterly | Mar 2011 - Sep 2024 |
| Kuwait (%) | -2.2 Sep 2024 | quarterly | Jun 2010 - Sep 2024 |
| Kyrgyzstan (%) | 7.0 Dec 2022 | quarterly | Mar 2007 - Dec 2022 |
| Laos (%) | 3.5 2021 | yearly | 2003 - 2021 |
| Latvia (%) | 0.4 Mar 2023 | quarterly | Mar 1996 - Mar 2023 |
| Lebanon (%) | 2.0 2021 | yearly | 2012 - 2021 |
| Lithuania (%) | -0.4 Dec 2022 | quarterly | Jun 1995 - Dec 2022 |
| Luxembourg (%) | -2.2 Dec 2022 | quarterly | Mar 1996 - Dec 2022 |
| Macau SAR, China (%) | -23.4 Dec 2022 | quarterly | Mar 2002 - Dec 2022 |
| North Macedonia (%) | 0.6 Dec 2022 | quarterly | Mar 2001 - Dec 2022 |
| Malawi (%) | 4.0 2018 | yearly | 2003 - 2018 |
| Malaysia (%) | 7.0 Dec 2022 | quarterly | Mar 2001 - Dec 2022 |
| Malta (%) | 4.6 Mar 2024 | quarterly | Mar 2001 - Mar 2024 |
| Mauritius (%) | 7.4 Sep 2022 | quarterly | Mar 2001 - Sep 2022 |
| Mexico (%) | 3.7 Dec 2022 | quarterly | Mar 1981 - Dec 2022 |
| Moldova (%) | -10.3 Sep 2022 | quarterly | Mar 1996 - Sep 2022 |
| Mongolia (%) | 7.7 Dec 2022 | quarterly | Mar 2011 - Dec 2022 |
| Montenegro (%) | 2.9 Dec 2024 | quarterly | Mar 2011 - Dec 2024 |
| Morocco (%) | 0.5 Dec 2022 | quarterly | Mar 2008 - Dec 2022 |
| Mozambique (%) | 2.0 Dec 2018 | quarterly | Jun 2007 - Dec 2018 |
| Myanmar (%) | 3.3 2023 | yearly | 2011 - 2023 |
| Nepal (%) | 0.2 Sep 2024 | quarterly | Dec 2004 - Sep 2024 |
| Netherlands (%) | 2.1 Mar 2023 | quarterly | Mar 1997 - Mar 2023 |
| New Zealand (%) | 1.8 Mar 2023 | quarterly | Jun 1983 - Mar 2023 |
| Nigeria (%) | 2.3 Mar 2023 | quarterly | Mar 2011 - Mar 2023 |
| Norway (%) | 1.8 Dec 2022 | quarterly | Mar 1979 - Dec 2022 |
| Oman (%) | 3.1 2021 | yearly | 1999 - 2021 |
| Pakistan (%) | 1.7 2023 | yearly | 2001 - 2023 |
| Palestinian Territory (%) | 3.5 Sep 2024 | quarterly | Jun 2000 - Sep 2024 |
| Panama (%) | 9.5 Sep 2022 | quarterly | Mar 2008 - Sep 2022 |
| Paraguay (%) | 5.2 Mar 2023 | quarterly | Mar 1995 - Mar 2023 |
| Peru (%) | -0.4 Mar 2023 | quarterly | Mar 1981 - Mar 2023 |
| Philippines (%) | 7.1 Dec 2022 | quarterly | Mar 1999 - Dec 2022 |
| Poland (%) | 0.4 Dec 2022 | quarterly | Mar 1996 - Dec 2022 |
| Portugal (%) | 1.8 Jun 2019 | quarterly | Mar 1996 - Jun 2019 |
| Qatar (%) | 2.0 Sep 2024 | quarterly | Mar 2012 - Sep 2024 |
| Romania (%) | 2.9 Mar 2023 | quarterly | Mar 1996 - Mar 2023 |
| Russia (%) | -2.6 Mar 2023 | quarterly | Mar 1996 - Mar 2023 |
| Saudi Arabia (%) | -3.7 Dec 2023 | quarterly | Mar 2011 - Dec 2023 |
| Serbia (%) | 4.5 Sep 2019 | quarterly | Mar 1997 - Sep 2019 |
| Singapore (%) | 0.4 Mar 2023 | quarterly | Mar 1976 - Mar 2023 |
| Slovakia (%) | 1.2 Dec 2022 | quarterly | Mar 1994 - Dec 2022 |
| Slovenia (%) | 1.1 Dec 2024 | quarterly | Mar 1996 - Dec 2024 |
| South Africa (%) | 1.3 Dec 2022 | quarterly | Mar 1961 - Dec 2022 |
| Spain (%) | 2.7 Dec 2022 | quarterly | Mar 1996 - Dec 2022 |
| Sri Lanka (%) | -12.4 Dec 2022 | quarterly | Mar 2011 - Dec 2022 |
| Sudan (%) | -1.9 2021 | yearly | 1983 - 2021 |
| Sweden (%) | -0.1 Dec 2022 | quarterly | Mar 1982 - Dec 2022 |
| Switzerland (%) | 0.7 Mar 2023 | quarterly | Mar 1966 - Mar 2023 |
Accurate Macro & Micro Economic Data You Can Trust
Explore the most complete set of 6.6 million time series covering more than 200 economies, 20 industries and 18 macroeconomic sectors.
Learn more about what we doPalestinian Territory Key Series
| Government and Public Finance | Last | Frequency | Range |
|---|---|---|---|
| Consolidated Fiscal Balance: % of GDP (%) | -4.0 2020 | yearly | 2010 - 2020 |
| Consolidated Fiscal Balance (USD mn) | -619.800 2020 | yearly | 2010 - 2020 |
| Tax Revenue (USD mn) | 3,316.100 2020 | yearly | 2010 - 2020 |
| Tax Revenue: % of GDP (%) | 21.4 2020 | yearly | 2005 - 2020 |
| Government Debt: % of GDP (%) | 116.8 Sep 2024 | quarterly | Dec 2010 - Sep 2024 |
| Forecast: Government Expenditure (%) | 30.818 2023 | yearly | 2009 - 2023 |
| Forecast: Government Revenue (ILS bn) | 19.065 2023 | yearly | 2009 - 2023 |
| Foreign Trade | Last | Frequency | Range |
|---|---|---|---|
| Forecast: Exports of Goods Growth (%) | 2.493 2026 | yearly | 1995 - 2026 |
| Trade Balance (USD mn) | -434.4 Dec 2024 | monthly | Jan 2011 - Dec 2024 |
| Total Exports (USD mn) | 164.2 Dec 2024 | monthly | Jan 2011 - Dec 2024 |
| Total Exports Growth (%) | 27.5 Dec 2024 | monthly | Jan 2012 - Dec 2024 |
| Aluminum: Exports (USD th) | 37,933.365 2023 | yearly | 2000 - 2023 |
| Exports: Medicament (USD th) | 15,397.216 2023 | yearly | 2000 - 2023 |
| Exports: Medicinal and Pharmaceutical Product (USD th) | 6,719.627 2023 | yearly | 2000 - 2023 |
| Total Imports (USD mn) | 598.6 Dec 2024 | monthly | Jan 2011 - Dec 2024 |
| Total Imports Growth (%) | 31.4 Dec 2024 | monthly | Jan 2012 - Dec 2024 |
| Imports: Medicament (USD th) | 162,392.789 2023 | yearly | 2000 - 2023 |
| Imports: Medicinal and Pharmaceutical Product (USD th) | 94,433.969 2023 | yearly | 2000 - 2023 |
| Total Exports to USA (USD mn) | 5.188 Nov 2024 | monthly | Jan 2000 - Nov 2024 |
| Total Imports from USA (USD mn) | 0.668 Nov 2024 | monthly | Jan 2000 - Nov 2024 |
| Total Exports to China (USD mn) | 0.045 Aug 2023 | monthly | Jan 2007 - Aug 2023 |
| Total Imports from China (USD mn) | 25.610 Dec 2023 | monthly | Jan 2000 - Dec 2023 |
| Export Value Index (2015=100) | 140.009 2021 | yearly | 1995 - 2021 |
| Import Volume Index (2015=100) | 77.877 2021 | yearly | 2000 - 2021 |
| Export Volume Index (2015=100) | 118.305 2021 | yearly | 2000 - 2021 |
| Import Value Index (2015=100) | 136.509 2021 | yearly | 1995 - 2021 |
| Balance of Payments | Last | Frequency | Range |
|---|---|---|---|
| Direct Investment Abroad (USD mn) | 0.0 Sep 2024 | quarterly | Mar 2011 - Sep 2024 |
| Current Account Balance (USD mn) | -870.0 Sep 2024 | quarterly | Mar 2011 - Sep 2024 |
| Current Account Balance: % of GDP (%) | -16.1 Mar 2023 | quarterly | Mar 2011 - Mar 2023 |
| Foreign Direct Investment (USD mn) | 87.0 Sep 2024 | quarterly | Mar 2011 - Sep 2024 |
| Foreign Direct Investment: % of GDP (%) | 2.5 Sep 2024 | quarterly | Mar 2011 - Sep 2024 |
| Foreign Portfolio Investment (USD mn) | -49.000 Sep 2024 | quarterly | Mar 2011 - Sep 2024 |
| Foreign Portfolio Investment: % of GDP (%) | -1.4 Sep 2024 | quarterly | Mar 2011 - Sep 2024 |
| Foreign Portfolio Investment: Equity Securities (USD mn) | -43.4 Mar 2024 | quarterly | Mar 2012 - Mar 2024 |
| Foreign Portfolio Investment: Debt Securities (USD mn) | 0.000 Mar 2024 | quarterly | Mar 2013 - Mar 2024 |
| External Debt (USD mn) | 1,535.0 Dec 2018 | monthly | Dec 2012 - Dec 2018 |
| External Debt: % of GDP (%) | 11.9 2023 | yearly | 2012 - 2023 |
| External Debt: Short Term (USD mn) | 388.5 Dec 2018 | monthly | Dec 2013 - Dec 2018 |
| External Debt: Short Term: % of GDP (%) | 3.6 2023 | yearly | 2012 - 2023 |
| Forecast: Current Account Balance (USD bn) | -2.895 2023 | yearly | 1994 - 2023 |
| Net International Investment Position (USD mn) | 6,185.000 Sep 2024 | quarterly | Dec 2013 - Sep 2024 |
| Monetary | Last | Frequency | Range |
|---|---|---|---|
| Non Performing Loans Ratio (%) | 3.4 Jun 2024 | quarterly | Dec 2008 - Jun 2024 |
| Non-Performing Loans (USD mn) | 553.833 Jun 2024 | quarterly | Dec 2008 - Jun 2024 |
| Money Supply M1 (USD mn) | 12,891.300 Sep 2024 | quarterly | Mar 2013 - Sep 2024 |
| Money Supply M2 (USD mn) | 17,979.221 Jan 2025 | monthly | Jul 2002 - Jan 2025 |
| M2 Growth (%) | 10.0 Jan 2025 | monthly | Jul 2003 - Jan 2025 |
| Foreign Exchange Reserves (USD mn) | 652.2 Jan 2025 | monthly | Jan 2006 - Jan 2025 |
| Foreign Exchange Reserves: % of GDP (%) | 17.215 Sep 2024 | quarterly | Mar 2006 - Sep 2024 |
| Foreign Exchange Reserves: Months of Import (NA) | 0.9 Dec 2024 | monthly | Jan 2011 - Dec 2024 |
| Total Deposits (USD mn) | 19,006.837 Jan 2025 | monthly | Jan 2000 - Jan 2025 |
| Total Deposits Growth (%) | 9.1 Jan 2025 | monthly | Jan 2001 - Jan 2025 |
| Domestic Credit (USD mn) | 12,114.1 Jan 2025 | monthly | Dec 1998 - Jan 2025 |
| Domestic Credit Growth (%) | 2.3 Jan 2025 | monthly | Dec 1999 - Jan 2025 |
| Total Loans (USD mn) | 9,943.207 Jan 2025 | monthly | Jan 2007 - Jan 2025 |
| Total Loans Growth (%) | -1.94 Jan 2025 | monthly | Jan 2008 - Jan 2025 |
| Private Debt: % of Nominal GDP (%) | 67.53 Sep 2024 | quarterly | Dec 2013 - Sep 2024 |
| Business and Economic Survey | Last | Frequency | Range |
|---|---|---|---|
| Business Confidence Growth (% Point) | 23.1 Feb 2025 | monthly | Apr 2014 - Feb 2025 |
More Indicators for Palestinian Territory
Request a demo of CEIC
CEIC’s economic databases cover over 200 global markets. Our Platform offers the most reliable macroeconomic data and advanced analytical tools.
Please note, product demos are not available for students. Please click here to find out more about the version of CEIC available for student users.